Financial Architects Inc bought a new stake in Ichor Holdings Ltd (NASDAQ:ICHR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,500 shares of the technology company’s stock, valued at approximately $41,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bell Rock Capital LLC acquired a new stake in Ichor in the third quarter valued at approximately $2,407,000. Deutsche Bank AG lifted its stake in shares of Ichor by 1.7% in the third quarter. Deutsche Bank AG now owns 602,626 shares of the technology company’s stock worth $12,305,000 after buying an additional 9,972 shares during the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Ichor by 4.6% in the third quarter. Essex Investment Management Co. LLC now owns 70,789 shares of the technology company’s stock worth $1,446,000 after buying an additional 3,097 shares during the last quarter. S Squared Technology LLC lifted its stake in shares of Ichor by 7.8% in the third quarter. S Squared Technology LLC now owns 137,984 shares of the technology company’s stock worth $2,818,000 after buying an additional 10,000 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of Ichor by 39.9% in the third quarter. Gradient Investments LLC now owns 45,507 shares of the technology company’s stock worth $929,000 after buying an additional 12,978 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.
In related news, CFO Jeff Andreson bought 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average price of $15.90 per share, with a total value of $103,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
A number of brokerages have recently weighed in on ICHR. ValuEngine upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Friday. Needham & Company LLC boosted their price objective on shares of Ichor to $27.00 and gave the stock a “buy” rating in a research note on Thursday. BidaskClub upgraded shares of Ichor from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Zacks Investment Research cut shares of Ichor from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 31st. Finally, Royal Bank of Canada cut shares of Ichor from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $28.00 to $20.00 in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Ichor currently has a consensus rating of “Buy” and a consensus price target of $27.80.
Shares of ICHR stock opened at $21.76 on Friday. Ichor Holdings Ltd has a 1 year low of $14.23 and a 1 year high of $30.50. The firm has a market cap of $479.46 million, a P/E ratio of 7.80 and a beta of 2.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.03 and a current ratio of 2.41.
Ichor (NASDAQ:ICHR) last announced its earnings results on Wednesday, February 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Ichor had a return on equity of 30.78% and a net margin of 7.03%. The company had revenue of $141.40 million for the quarter, compared to the consensus estimate of $144.20 million. During the same period last year, the firm posted $0.70 EPS. The company’s revenue was down 22.7% compared to the same quarter last year. Analysts predict that Ichor Holdings Ltd will post 2.19 EPS for the current year.
Ichor Company Profile
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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